Delegation of Investment Responsibility. Regardless of any other provision of this Agreement to the contrary, the Participant may also appoint an investment professional or other person to act as the Participant’s representative with authority to direct the Custodian with respect to the investment of assets in the Custodial Account. The appointment, however, will be effective only if (1) the Custodian has received an executed copy of an agreement between the Participant and the representative in a form and manner acceptable to the Custodian that specifies the authority of the representative to act on behalf of the Participant, and (2) the Custodian does not object to acting on the direction of that person, which objection the Custodian may assert for any reason at any time. If the Participant appoints a representative, as provided for above, references to the Participant in this section (“Investment of Contributions”) of this Agreement and in the “Powers, Duties, and Obligations of Custodian” section (Article VIII, Section 7) of this Agreement (insofar as pertinent to securities with respect to which the representative has investment authority) are also to that representative. However, all references in this Agreement to the individual whose Custodial Account is involved and to the making of contributions and the receipt of distributions are only to the Participant. The Participant may revoke the authority of any representative at any time by notifying the Custodian in a form and manner acceptable to the Custodian and the Custodian shall not be liable in any way for the transactions initiated prior to its receipt of such notice.
Delegation of Investment Responsibility. The Committee may, by written notice and in accordance with the Plan, direct the Trustee to segregate any portion or all of the Investment Fund into one or more separate accounts for each of which full investment responsibility will be delegated to an investment manager appointed in such notice pursuant to Section 402(c)(3) of ERISA (hereinafter a “Manager”). For any separate account where the Trustee is to maintain custody of the assets, the Trustee and the Manager shall agree upon procedures for the transmittal of investment instructions from the Manager to the Trustee, and the Trustee may provide the Manager with such documents as may be necessary to authorize the Manager to effect transactions directly on behalf of the segregated account. Further, the Committee may, by written notice and in accordance with the Plan, direct the Trustee to segregate any portion or all of the Investment Fund into one or more separate accounts for each of which full investment responsibility will be delegated to an insurance company through one or more group annuity contracts, deposit administration contracts, or similar contracts, which may provide for investments in any commingled separate accounts established under such contracts. An insurance company shall be a Manager with respect to any amounts held under such a contract except to the extent the insurer’s assets are not deemed assets of the Plan and Trust Fund pursuant to Section 401(b)(2) of ERISA. The allocation of amounts held under such a contract among the insurer’s general account and one or more individual or commingled separate accounts shall be determined by the Committee except as otherwise agreed by the Committee and the insurer. Any Manager shall have all of the powers given to the Trustee pursuant to Section 2.3 with respect to the portion of the Trust Fund committed to its investment discretion and control. The Trustee shall be responsible for the safekeeping of any assets which remain in their custody, but in no event shall the Trustee be under any duty to question or make any inquiry or suggestion regarding the action or inaction of a Manager or an insurer or the advisability of acquiring, retaining, or disposing of any asset of a segregated account. The Employer shall indemnify and hold the Trustee harmless from any and all costs, damages, expenses, and liabilities which the Trustee may incur by reason of any action taken or omitted to be taken by the Trustee upon directions from the Committee, a Man...
Delegation of Investment Responsibility. The Committee may, by ---------------------------------------- written notice and in accordance with the Plan, direct the Trustee to segregate any portion or all of the Investment Fund into one or more separate accounts for each of which full investment responsibility will be delegated to an investment manager appointed in such notice pursuant to Section 402(c)(3) of ERISA (hereinafter a "Manager"). For any separate account where the Trustee is to maintain custody of the assets, the Trustee and the Manager shall agree upon procedures for the transmittal of investment instructions from the Manager to the Trustee, and the Trustee may provide the Manager with such documents as may be necessary to authorize the Manager to effect transactions directly on behalf of the segregated account.
Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your IRA to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We shall follow the direction of any such party who is properly appointed and we shall be under no duty to review or question, nor shall we be responsible for, any of that party’s directions, actions or failures to act. We have the right to rely on any representations and/or warranties made by your Account Representative in connection with any sale or purchase on behalf of your account, including but not limited to representations with regard to prohibited transactions and suitability requirements. Said Representative may be a registered representative of a broker/dealer organization, a financial advisor or any other person as may be acceptable to you. The Representative shall be your authorized agent and is not the agent of the Custodian. We shall construe all investment directions given by your representative, whether written or oral, as having been authorized by you. You may appoint and/or remove your representative by written notice to the Custodian provided that the removal of Representative shall not have the effect of canceling any notice, instruction, direction or approval received by the Custodian from the removed Representative before the Custodian received said notice of removal from you.
Delegation of Investment Responsibility. The Participant may delegate the investment responsibility for his or her Account to an agent or attorney in fact acceptable to the Custodian by notifying the Custodian in a form and manner acceptable to the Custodian of the delegation of such investment responsibility and the name of the person or persons to whom such responsibility is delegated. The Custodian shall follow the directions of such agent or attorney in fact and shall be under no duty to review or question any direction, action, or failure to direct or act of such agent or attorney in fact. The Participant may revoke the authority of any agent or attorney in fact at any time by notifying the Custodian in a form and manner acceptable to the Custodian of such revocation and the Custodian shall not be liable in any way for transactions initiated prior to receipt of such notice.
Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate investment responsibility for the Traditional XXX to another party. On a form or format acceptable to us, you may designate a representative for the purpose of communicating investment directions to us and receiving information from us regarding your account. Said representative may be a registered representative of a broker/dealer organization, a financial advisor or other person as may be acceptable to you. Such person shall be your authorized agent, and not ours. We shall construe any and all investment directions given by such person, whether written or oral, as having been authorized by you. You may appoint and/or remove such a person only by written notice to us provided that their removal shall not have the effect of canceling any notice, instruction, direction or approval received by us from the removed person before we receive notice of removal from you. We shall follow the proper written direction of any such party who is properly appointed and we shall be under no duty to review or question, nor shall we be responsible for, any of that party's directions, actions or failures to act. That party's instructions to us shall be deemed to be instructions by you for all purposes of this Article VIII.
Delegation of Investment Responsibility. Regardless of any other provision of this Agreement to the contrary, the Participant may appoint an investment professional or other person to act as the Participant’s representative with authority to direct the Custodian with respect to the investment of assets in the Account. The appointment, however, will be effective only if
Delegation of Investment Responsibility. By signing this Agreement, Account Holder(s) permits NDTCO to accept investment directives provided by the Account Holder(s) Account Representative. NDTCO shall follow the direction of the Account Holder(s) Account Representative and NDTCO shall be under no duty to review or question, nor shall NDTCO be responsible or liable to Account Holder(s) for any directions, actions or failures to act by the Account Holder(s) Account Representative. NDTCO reserves the right to rely on any representations and warranties made by the Account Holder(s) Account Representative in connection with any sale or purchase on behalf of Account Holder(s) Account, including but not limited to representations with regard to suitability requirements. The Account Holder(s) understands that an Account Representative shall be considered the Account Holder(s) authorized agent and is not the agent of NDTCO. As such, NDTCO shall construe all investment direction(s) whether written or oral, given by the Account Holder(s) Account Representative, as having been authorized directly by Account Holder(s). The Account Holder(s) understands that its appointed Account Representative shall be considered by NDTCO as the Account Holder(s) Authorized Agent only. Account Holder(s) also understands that Account Holder can, at its election, remove and appoint their Account Representative by written notice to NDTCO. In such a case of removal; Account Xxxxxx agrees to indemnify and hold NDTCO, it employees, directors, and officers, harmless for reasonably relying on and acting upon said direction given by Account Xxxxxx(s) removed Account Representatives direction prior to receipt of Account Xxxxxx(s) written request to remove.
Delegation of Investment Responsibility. The Committee may, by written notice and in accordance with the Plan, direct the Trustee to segregate any portion or all of the Investment Fund into one or more separate accounts for each of which full investment responsibility will be delegated to an investment manager appointed in such notice pursuant to Section 402(c)(3) of
Delegation of Investment Responsibility. We may, but are not required to, permit you to delegate your investment responsibility for your Account to another party acceptable to us by giving written notice of your delegation in a format we prescribe. We will follow the investment direction of any such party who is properly appointed and we will be under no duty to review or question, nor will we be responsible for, any of that party’s directions, actions, or failures to act. We have the right to rely on any representations and/or warranties made by your Account Representative in connection with any sale or purchase on behalf of your Account, including, but not limited to, representations with regard to prohibited transactions and suitability requirements. No amendment to, or waiver of, any written agreement with us shall be effective except pursuant to a written agreement executed by a duly authorized representative of us. Any controversy arising out of or relating to your
